What is Direct-to-Consumer Pharmaceutical Advertising (DTCPA)?
Pharmaceutical companies utilize a range of strategies to promote their goods and acquire market share, ranging from magazine and internet marketing to television commercials targeted directly at customers. The direct marketing of prescription medication goods to consumers rather than health care professionals is known as DTCPA. In contrast to marketing to health professionals, DTCA entails advertising and marketing pharmaceutical items directly to consumers. DTCPA raises consumer awareness of products as well as certain medical issues. They gain the ability to request alternative drugs from doctors for their medical issues.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Healthy Ads (Australia), HARVARD POLITICAL REVIEW (United States), MDedge (United States), Wolters Kluwer Health, Inc (United States), Lippincott NursingCenter (United States), WebMD LLC. (United States), Fiercepharma (United States), Yumpu (Switzerland), AbelsonTaylor (United States) and Amura Marketing Technologies (India) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Direct-to-Consumer Pharmaceutical Advertising (DTCPA) market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Healthy Ads (Australia), HARVARD POLITICAL REVIEW (United States), MDedge (United States), Wolters Kluwer Health, Inc (United States), Lippincott NursingCenter (United States), WebMD LLC. (United States), Fiercepharma (United States), Yumpu (Switzerland), AbelsonTaylor (United States) and Amura Marketing Technologies (India) are some of the key players that are part of study coverage.
The market study is broken down by Type (Product Claim Advertisements, Reminder Advertisements and Help-Seeking Advertisements), by Application (Pharmaceutical Companies and Pharmaceutical Factories) and major geographies with country level break-up.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Direct-to-Consumer Pharmaceutical Advertising (DTCPA) market by Type, Application and Region.
On the basis of geography, the market of Direct-to-Consumer Pharmaceutical Advertising (DTCPA) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
If we see Market by , the sub-segment i.e. will boost the Direct-to-Consumer Pharmaceutical Advertising (DTCPA) market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Market Leaders and their expansionary development strategies
On 26 May 2021, WebMD Health Corp., an Internet Brands company and a leader in health information services for consumers and healthcare professionals (HCPs), announced the acquisition of ADDitude, a multi-channel platform supporting people with attention deficit hyperactivity disorder (ADHD), their caregivers, and professionals in the ADHD treatment space.
Market Trend
- Adoption Of Digital Advertising By The Companies Owing To Internet Penetration
- Growing Trend Of Mobile Apps-Based Advertising
Market Drivers
- Rapid Growth in Pharmaceutical Industry
Opportunities
- Increasing Usage Of Smartphones Is Boosting The Market
- The Rising Popularity Of Social Media Across The World Boosting The (DTCPA) Market
Restraints
- Costs Associated With Advertising Ads To The Costs Of Products
Challenges
- Advertisement Fraud Is A Major Concern Among Advertisers
Key Target Audience
New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.